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Live Nasdaq Composite: Tech Stocks Eye Further Gains

Gerelyn Terzo

Published: May 14, 2025 9:48 am

Last Updated: May 14, 2025 12:19 pm

Live Updates

Live Coverage Has Ended

COIN Extends Rally on S&P Inclusion

12:20 pm by Gerelyn Terzo

Now that cryptocurrency exchange Coinbase (Nasdaq: COIN) has become the first digital asset trading platform to trade in the S&P 500, the stock is rallying, extending yesterday’s 25% gain. At $262 per share, Coinbase’s market cap is now hovering at $66.7 billion. Wall Street firm Rosenblatt published a note reminding investors that Coinbase’s inclusion in the S&P 500 means that more institutions will gain access to the stock by default, calling it a “significant tailwind” and suggesting that there is further runway for gains.

Winners and Losers

11:09 am by Gerelyn Terzo

Super Micro Computer (Nasdaq: SMCI) is climbing higher by 14.2% on a multi-billion-dollar AI infrastructure deal.

Southwest Airlines (NYSE: LUV) is rising 3.2% today amid a push for more international flights.

Enphase Energy (Nasdaq: ENPH) is up 3% today.

Bio-Techne (Nasdaq: TECH) is down 4.5%.

INTC (Nasdaq; INTC) is losing 4.3%. Citi analysts published a note saying that ARM Holdings (Nasdaq: ARM) is taking more of the market share pie away from INTC and AMD. ARM shares are up 4% on the day.

Revvity (NYSE: RVTY) is down 4.2%.

Saudi Tech Deals

9:55 am by Gerelyn Terzo

Bank of America has turned increasingly bullish on Big Tech, specifically Nvidia and AMD, after President Trump’s trip to Saudi Arabia paved the way for deals with a Saudi fund. BofA analyst Vivek Arya has increased his price target on Nvidia stock to $160 per share, reflecting 20% upside potential. The analyst also raised the price target on AMD stock to $130 per share, writing:

“Sovereign AI nicely complements commercial cloud investments with a focus on training and inference of LLMs in local culture, language and needs.” 

This article will be updated throughout the day, so check back often for more daily updates.

The Nasdaq Composite is looking to extend its five-day winning streak, while the S&P 500 is now delivering positive returns in 2025 after erasing its deficit. Now the markets are looking to build on those gains while they have positive momentum on their side. Trade relief between the U.S. and China has injected optimism into these markets, coupled with growing signs that an economic recession is no longer in the cards.

The Nasdaq will soon be welcoming a new IPO. Fintech company Chime has decided to enter the publicly traded fray and has chosen to list its shares on the Nasdaq.

After President Trump’s historic trip to Saudi Arabia, the Kingdom has pledged up to $600 billion in deals and investment commitments, including major purchases from U.S. companies. Additionally, Nvidia (Nasdaq: NVDA) has agreed to send thousands of AI chips to Saudi Arabia, while Elon Musk’s Starlink satellites have been given the green light to operate there.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Up 72.06 (+0.17%)
Nasdaq Composite: Up 82.84 (+0.49%)
S&P 500: Up 14.29 (+0.25%)

Market Movers

Costco (Nasdaq: COST) and Affirm (Nasdaq: AFRM) have partnered to offer consumers the option to buy now pay and later for basic items in bulk. COST stock is moving fractionally while AFRM stock is up over 3% this morning.

Server manufacturer Super Micro Computer (Nasdaq: SMCI) is extending its gains, adding almost 16% in today’s session alone.

Palantir Technologies (Nasdaq: PLTR) is extending its gains with a 2.7% advance and is now hovering near its all-time high.

Advanced Micro Devices (Nasdaq; AMD) is gaining 8.6% as the chip sector continues its bullish run on tariff-related relief. AMD also announced a massive $6 billion share buyback program, adding to the bullish sentiment.